City National Bank to Decrease its Prime Interest Rate to 7.50% By Investing.com

LOS ANGELES, December 18, 2024 /PRNewswire/ — City National Bank announced today that it will cut its prime lending rate from 7.75% to 7.50%, effective December 19, 2024.

About City National

City National Banksubsidiary company Royal Bank of Canadais the largest bank, whose head office is located in Los Angeles with 94 billion dollars in assets as of now October 31, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange circle, San Diegois San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Vegas, Washington DC and: Miami. In addition, the company and its investment affiliates manage or manage $103 billion in client investment assets.City National is dedicated to empowering communities, and in 2023 alone, the company has done more $11 million in charitable contributions to non-profit organizations that support the communities it serves.

For more information about City National, visit the company’s website at cnb.com.

City National Bank is engaged in business Miami and condition Florida how CN Bank.